Armada Acquisition II(AACI.US)

Company Encyclopedia

Armada Acquisition II

AACI.US

Armada Acquisition Corp. II focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses in the technological services. The company was incorporated in 2024 and is based in Philadelphia, Pennsylvania.

1.225 T

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News

Evernorth Submits Draft Registration Statement to SEC for Armada II Merger

Evernorth Holdings Inc. has submitted a draft registration statement to the SEC for its merger with Armada Acquisition Corp. II. The transaction aims to establish the largest public XRP treasury company on Nasdaq, with over $1 billion raised. Expected to close in Q1 2026, it requires shareholder approval and customary conditions.

Reuters·11/13/2025 21:03

Reuters·11/13/2025 21:03

Armada Acquisition Corp. II Changes Ticker Symbol to XRPN

Armada Acquisition Corp. II has changed its ticker symbol for Class A ordinary shares on NASDAQ from "AACI" to "XRPN" as part of its new strategy as a leading institutional XRP digital asset treasury company. The ticker symbols for its units and warrants have also been updated to "XRPNU" and "XRPNW" respectively.

Reuters·10/29/2025 21:57

Reuters·10/29/2025 21:57

Evernorth buys $1 billion XRP in preparation for its Nasdaq IPO

Evernorth, a Ripple-backed digital asset treasury firm, has purchased nearly $1 billion worth of XRP, marking a significant institutional accumulation. This acquisition, totaling approximately 388.7 million XRP at an average price of $2.44, reflects growing institutional confidence in XRP. Evernorth plans to go public via a $1 billion SPAC merger with Armada Acquisition Corp II, aiming to become the largest publicly listed XRP treasury firm. The move is part of Ripple's strategy to integrate digital assets into traditional finance and enhance liquidity in the XRP market.

Invezz·10/29/2025 00:37

Invezz·10/29/2025 00:37

Key facts: XRP Plummets 40%; ETF Delays Amid SEC Shutdown; Evernorth to Go Public

On October 11-12, XRP fell over 40%, its largest one-day drop in years, due to massive liquidations in the crypto market, wiping out nearly $19 billion in positions.1XRP ETFs from major issuers like Franklin Templeton are delayed due to the government shutdown affecting the SEC, despite expected approval under new regulations.2Evernorth Holdings, backed by Ripple Labs, plans to go public through a merger with Armada Acquisition Corp. II, raising over $1 billion to promote XRP adoption under the ticker XRPN.3

TradingView·10/25/2025 08:03

TradingView·10/25/2025 08:03

XRP Price Just Got a Boost as Ripple CTO Joins Evernorth in Nasdaq Push

XRP received a boost as Ripple's CTO, Schwartz, announced his role as a strategic advisor to Evernorth, which is merging with Armada Acquisition Corp II for a Nasdaq listing under XRPN. This merger aims to raise over $1 billion, creating the largest public XRP treasury and enhancing XRP's path into regulated markets. Following the news, XRP's price rose to $2.40, with analysts noting a potential upward trend. The connection between Ripple's leadership and Evernorth is seen as a significant step towards institutional acceptance of XRP.

Tip Ranks·10/22/2025 21:57

Tip Ranks·10/22/2025 21:57